A financial market is a market in which people and entities can trade financial securities, commodities, and other fungible items of value at low transaction costsand at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural goods.
People often turn to egg or sperm donors when they cannot use their own eggs or sperm to
become pregnant, or when they don’t have both sperm and eggs available to them, such as single
women or people in LGBT relationships. They can go through a fertility clinic, an egg brokerage
agency, a sperm bank, or recruit a known donor (friend, family member) or unknown donor
(place Web or newspaper ad). Sperm donation can be used for AI, IVF, GIFT, and ZIFT; egg
donation for all but AI. The term “donor” can be misleading as “donors” are often paid...
Very low interest rates in major currencies have raised concerns over international credit
flows to robustly growing economies in Asia. This paper examines three components of
international credit and highlights several of the policy challenges that arise in constraining
such credit. Our empirical findings suggest that international credit enables domestic credit
booms in emerging markets. Furthermore, we demonstrate that higher levels of international
credit on the eve of a crisis are associated with larger subsequent contractions in overall
credit and real output.
Birds, by their very existence, enhance our daily lives. For many of us, it is a thrill to see the splash of a Brown Thrasher in a
birdbath, or the flash of red in green woods as a tanager darts past. It is a gift of nature that such birds – which play an
important role in healthy ecosystems by controlling pests, dispersing seeds, and pollinating plants – are also so beautiful and
such a joy to watch.